Rail Neer racket: CBI recovers Rs 4 lakh fake currency

New Delhi: The CBI told a court here on Monday that searches conducted as part of its probe in a case of supplying inferior-quality packaged drinking water in premium trains had led to recovery of approximately Rs 28 crore out of which around Rs 4 lakh was counterfeit.

The Central Bureau of Investigation arrested the three on Saturday and on Sunday, all the three were sent to a day's police custody. They were presented before the court on Monday after expiry of their one-day police custody.

The CBI while seeking custody of the three accused told court that it has recovered Rs 28 crore from the possession of Agarwal, owner of RK Associates Pvt Ltd, which was managing supply of packaged drinking water, out of which Rs.405, 500 was fake currency.

It added that accused has not given reasonable explanation for the possession of huge cash and therefore to establish the chain of cash flow, custodial interrogation is required.

Silas and Chalia are required to be interrogated with respect to their investment in various companies and properties which is either in their names or in the names of their family members.

The agency also submitted that they are investigating the role of railway officials in favouring Agarwal, and also held the accused are influential people and can tamper with evidence and documents related to the case.

The CBI said that accused were not cooperating in the probe and they were required to be interrogated regarding some bank lockers in and outside Delhi and also in Agra.

Defence counsel of the accused opposed the plea and said their clients were cooperating with the agency. One of the defence counsel said that the packaged drinking water of the other companies were supplied due to insufficient quantity of Rail-Neer brand.